Reported about 1 year ago
Cathie Wood of Ark Investment Management predicts that software companies will be the next big AI opportunity, with potential for significant revenue growth. Wood has invested in various AI software opportunities like OpenAI and C3.ai, emphasizing the potential of Tesla's self-driving software. As AI in software continues to advance, stocks like Palo Alto Networks and C3.ai show promising growth. Palo Alto excels in AI-based cybersecurity, offering automation in threat detection and response, with plans to increase annual recurring revenue to $15 billion by 2030. On the other hand, C3.ai, an enterprise AI company, saw accelerated growth with 487 customer engagements and $86.6 million in revenue in Q4 2024, pointing to a bright future in the AI sector.
Source: YAHOO